Key Points
- VP Anne Rex sold 3,000 shares on November 12 at an average price of $51.36 for $154,080, reducing her stake by 11.3% to 23,549 shares (SEC filing disclosed).
- Q3 results: The Andersons reported EPS of $0.84 (above the $0.46 consensus) while revenue was $2.68B (below the $2.85B estimate); net margin was 0.70% and analysts forecast ~3.11 EPS for the year.
- The stock trades near $49 with a market cap of ~$1.66B and a 12‑month range of $31.03–$51.89; the company pays a quarterly dividend of $0.195 (annualized yield ~1.6%) and holds a consensus “Moderate Buy” target of $53.33.
The Andersons, Inc. (NASDAQ:ANDE - Get Free Report) VP Anne Rex sold 3,000 shares of the company's stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $51.36, for a total transaction of $154,080.00. Following the sale, the vice president directly owned 23,549 shares in the company, valued at $1,209,476.64. This trade represents a 11.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Andersons Trading Down 0.3%
ANDE stock traded down $0.14 during mid-day trading on Friday, reaching $49.00. The company's stock had a trading volume of 25,943 shares, compared to its average volume of 337,166. The Andersons, Inc. has a 12 month low of $31.03 and a 12 month high of $51.89. The company has a current ratio of 2.01, a quick ratio of 1.30 and a debt-to-equity ratio of 0.36. The business's 50 day moving average price is $43.62 and its 200 day moving average price is $39.28. The company has a market cap of $1.66 billion, a price-to-earnings ratio of 20.85 and a beta of 0.76.
Andersons (NASDAQ:ANDE - Get Free Report) last issued its earnings results on Tuesday, November 4th. The basic materials company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.38. The business had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.85 billion. Andersons had a net margin of 0.70% and a return on equity of 5.28%. Andersons's revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.80 earnings per share. On average, equities research analysts predict that The Andersons, Inc. will post 3.11 EPS for the current year.
Andersons Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st were paid a dividend of $0.195 per share. The ex-dividend date was Wednesday, October 1st. This represents a $0.78 dividend on an annualized basis and a yield of 1.6%. Andersons's payout ratio is 36.45%.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Amalgamated Bank increased its stake in Andersons by 3.9% in the 3rd quarter. Amalgamated Bank now owns 9,524 shares of the basic materials company's stock worth $379,000 after acquiring an additional 356 shares during the last quarter. SummerHaven Investment Management LLC boosted its position in shares of Andersons by 2.2% during the 2nd quarter. SummerHaven Investment Management LLC now owns 16,967 shares of the basic materials company's stock valued at $624,000 after acquiring an additional 371 shares during the last quarter. Summit Place Financial Advisors LLC grew its holdings in shares of Andersons by 1.7% during the third quarter. Summit Place Financial Advisors LLC now owns 23,032 shares of the basic materials company's stock worth $917,000 after purchasing an additional 390 shares in the last quarter. Croban increased its position in shares of Andersons by 1.6% in the second quarter. Croban now owns 25,026 shares of the basic materials company's stock worth $920,000 after purchasing an additional 402 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH raised its stake in Andersons by 7.3% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 7,281 shares of the basic materials company's stock valued at $290,000 after purchasing an additional 493 shares in the last quarter. Institutional investors own 87.06% of the company's stock.
Analyst Ratings Changes
Several brokerages recently issued reports on ANDE. Weiss Ratings reiterated a "hold (c)" rating on shares of Andersons in a report on Wednesday, October 8th. BMO Capital Markets increased their price target on Andersons from $45.00 to $50.00 and gave the company a "market perform" rating in a research report on Thursday, November 6th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $53.33.
Get Our Latest Stock Analysis on ANDE
Andersons Company Profile
(
Get Free Report)
The Andersons, Inc operates in trade, renewables, and nutrient and industrial sectors in the United States, Canada, Mexico, Egypt, Switzerland, and internationally. It operates through three segments: Trade, Renewables, and Nutrient & Industrial. The company's Trade segment operates grain elevators; stores commodities; and provides grain marketing, risk management, and origination services, as well as sells commodities, such as corn, soybeans, wheat, oats, ethanol, and corn oil.
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